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Part of handling an estate is paying the decedent's debts

As a country, America has around $13 trillion in debt. People who are 45 to 54 years old have the highest debt average at $134,600. This brings up a point that many people might not think about very often -- the status of debts when a person dies. This can be a difficult thing to handle when you lose a loved one.

Sound estate planning is important to prevent legal confusion

The more money your estate holds, the more complicated things will be for your heirs after you die, especially if you die without an estate plan. This is why it's essential for individuals who have substantial assets to create a rock-solid plan that will be followed after their deaths.

When families argue: The issue of the contested will

When individuals create a will, they expect that it is going to be followed. In many cases, the estate will go through probate without any issues. There are other instances in which a person who has an interest in the estate will question the will. This might lead to a contested will.

A trust-planning checklist for your special needs child

When you have a special needs child, setting up a trust to pay for your child's needs in the event of your death or incapacitation is virtually a necessity. No matter what your financial situation happens to be, a special needs trust can be enormously beneficial for your child.

Blended families: Complicated families need estate plans

Blended families, or those with step children, half brothers and sisters, stepmothers and stepfathers, bring two families together as one. The problem with blended families is that many people aren't related to one another. When it comes to estate planning, this can be an issue.

Estate planning for blended families

Estate planning is often straightforward, but there are some cases that are a bit more complicated. One of these instances is when you have a blended family. You have to determine how to set up your estate so that everyone gets what you feel they should receive.

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